(a) The Connecticut Lottery Corporation may establish a reasonable fee for any administrative expenses associated with assignments made pursuant to section 12-831, including the cost to the Connecticut Lottery Corporation of any processing fee that may be imposed by a private annuity provider. The amount of the fee shall reflect the direct and indirect costs of processing the assignments by said corporation.
(b) The Connecticut Lottery Corporation and its directors, officers and employees shall be discharged of all further liability to the assignor upon payment of any lottery prize pursuant to an assignment made in accordance with section 12-831.
(P.A. 98-137, S. 60, 62; 98-219, S. 31, 33, 34.)
History: P.A. 98-137 effective October 1, 1998, and applicable to any action or arbitration brought on or after said date with respect to a land survey performed or furnished on or after said date; P.A. 98-219 amended Subsec. (b) to discharge the directors, officers and employees of the corporation of all further liability to the assignor and changed the effective date of P.A. 98-137, S. 60 from October 1, 1998, to July 1, 1998, effective July 1, 1998.
Structure Connecticut General Statutes
Chapter 229a - Connecticut Lottery Corporation
Section 12-800. - Short title: Connecticut Lottery Corporation Act.
Section 12-801. - Definitions.
Section 12-802a. - Employee licenses.
Section 12-803. - Perpetual succession. Termination.
Section 12-804. - Board of directors.
Section 12-805. - Officers of the corporation.
Section 12-806. - Purpose. Powers.
Section 12-806a. - Regulation of activities. Approval of procedures.
Section 12-806d. - Exclusive operation and management of lottery games. Exception.
Section 12-808. - Transfer of lottery.
Section 12-809. - Performance bonds.
Section 12-810. - Compliance with Freedom of Information Act. Exceptions.
Section 12-811. - Conflict of interest.
Section 12-812. - Duties of president.
Section 12-813. - Sale of lottery tickets. Deposit of receipts. Compensation of agents.
Section 12-814. - Lottery advertising and promotions.
Section 12-815. - Purchasing and contracting.
Section 12-816. - Tax exemption.
Section 12-817. - Jurisdiction.
Section 12-818. - Funding for chronic gamblers treatment rehabilitation account.
Section 12-830. - Assignment of lottery prize authorized.
Section 12-831. - Execution and approval of assignment.
Section 12-832. - Confirmation of assignment. Agreement by assignee. Further assignments.
Section 12-833. - Persons prohibited from assigning lottery prize.